October, 2021

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Investors are buying more, but spending less

Housing Wire

Real estate investors are buying more properties, but paying less for them, according to a report from RealtyTrac released Thursday based on ATTOM Data Solutions home sales data. In the second quarter of 2021, investor purchases accounted for 15.4% of all home purchases nationwide, compared with 11.5% of all home purchases a year prior. Despite such a large year-over-year change, it is still slightly lower than Q1 2021 , in which investors held 15.9% of the market.

Investors 545
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Tech companies & Wall Street targeting residential real estate

Sacramento Appraisal Blog

Tech companies and investment funds have their eye on residential housing. I wrote about this a few months ago and wanted to do a follow-up piece. Here are some things on my mind as well as fresh visuals. Any thoughts? TWO THINGS: 1) iBuyers are on a rampage: The iBuyer model has been on a […].

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Role Play: Appraisers and their Intended Uses

Appraisal Buzz

Tell someone that you’re a professional fee appraiser and most folks won’t have any idea what that really means. Some will picture the guys at Pawn Stars or the Antiques Roadshow trying to put a value on something they pulled out of their parent’s attic. If they’re in the mortgage industry, they’ll likely fall into one of two groups – those who understand the value you bring to the home finance transaction and those who think you fill out forms.

Appraisal 397
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Housing Share of GDP Steady During Third Quarter

Eyes on Housing

Thanks to a surge in residential investment during 2020, housing’s share of GDP remains elevated compared to recent years. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory. Housing has continued to expand in 2021, although as the rest of the economy recovers, the housing.

Inventory 202
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The Top 5 Digital Forms for Telecommunications

GoForrmz

With digital telecom forms, telecom service providers can automate customer service processes, access data in real-time, and more With the rapid advancements of digital solutions, industries are experiencing an urgent need for modernization, and the telecommunication industry is no exception. Due to the COVID-19 crisis , a majority of the global workforce has been forced to work from home, requiring access to systems from remote or dispersed locations , videoconferencing, collaborating with coll

Inventory 158
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Updated for 2021: How to Get Things Done When Everything Feels Important

DataMaster

It is not enough to be busy, so are the ants. The question is: What are we busy about? Henry David Thoreau. We’re busier than we’ve ever been. How often have you talked to a friend about how busy you’ve been? How many important items do you have to get done? It’s one of those funny (not funny-haha ) paradoxes. We have so many tools out there to help us but they never seem to help us feel more at ease.

Business 148

More Trending

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Will appraisers use Zillow purchases as comps?

Sacramento Appraisal Blog

Let’s talk about Zillow. I’ve been getting a TON of questions every week about what Zillow is doing and whether appraisers can use their purchases as comps. Big news: First off, yesterday news broke that Zillow would be suspending buying anything else until 2022. Based on articles and a few conversations with locals in the […].

Appraisal 375
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Appraisers – Don’t Fall for the Scam!

Appraisal Buzz

In today’s Buzzcast, we dive into the recent phone scam that has been targeting appraisers. Today we have Joan Trice, Founder of Alterra Group, and Alan Pair, Chief Appraiser of SVP Valuations. We’ll be getting the inside scoop while they discuss what to do if you receive a call. Why and how are appraisers being targeted? Where can I go if I think I’ve given out sensitive information?

Appraisal 370
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Lots Harder to Obtain than Ever

Eyes on Housing

Home building, like other U.S. industries, has been dealing with the supply side challenges of labor and material shortages. Unlike other industries, however, home builders confront an additional challenge in obtaining lots on which to build. In a recent NAHB survey, 76 percent of builders reported that the overall supply of developed lots in their areas was low to very.

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3 Ways Digital Data Capture Can Support Your PropTech Initiatives

GoForrmz

Utilize new, innovative technology to bolster your real estate initiatives and workflows Digital transformation has become more prevalent than ever before. Many industries have been forced to make technological advancements to keep pace with the rapid pace of modernization – one of which being the real estate industry. PropTech (Property Technology) has become the new industry buzzword that has highlighted innovative solutions and technology to further advance and modernize the way you research,

Tenants 158
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WSJ: “Low Appraisals Upend Home Sales”

JMV Lending

The WSJ had this front page headline today: Low Appraisals Upend Home Sales. And, I thought – where have you been, WSJ? Then, I thought… I should blog about this b/c agents can share this with clients – as a great way to warn them about potential appraisal issues. I also wanted to touch on […]. The post WSJ: “Low Appraisals Upend Home Sales” appeared first on JVM Lending.

Appraisal 148
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Study: 24% of sellers received four or more offers in 2021

Housing Wire

Nearly one quarter of U.S. home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. The rise in the number of homes that received multiple offers is reflected in the increased frequency of bidding wars in 2021. Typical sellers received two offers, which is the same as the past three years.

Sellers 545
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14 Best Commercial Real Estate Investment Blogs, Books & Podcasts

The Robert Weiler Company

Every year, new commercial real estate investment blogs and podcasts are started and books published. They all promise to have the best secrets and latest tips on CRE investing, but which resources are worth your time? Whether you are a seasoned commercial real estate investor or just entering the game, it’s important to have “go-to” resources to support – or strengthen – your growth in the industry.

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Modernizing Appraisals: Collaborative Valuation

Appraisal Buzz

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. Many stakeholders in the profession have given their opinions on what that means. But the one place that no one seems to be looking towards is the actual practitioners themselves.

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Property Taxes by State – 2019

Eyes on Housing

Property taxes vary widely across states both in terms of annual taxes paid as well as effective tax rates. In 2019, the difference between average real estate taxes paid by New Jersey and Alabama home owners was $7,974. New Jersey continued its perennial distinction as having the highest average real estate tax bill per home owner ($8,687) as well as.

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3 Ways to Leverage Digital Data Capture to Improve Your Telecom Workflow

GoForrmz

Digital data capture enables telecommunication companies to streamline workflows from end-to-end, improving customer satisfaction The GoFormz platform provides various telecommunication teams and their clients with a highly professional, efficient way of communicating. Check out these three ways digital data capture can enhance your telecom workflows: Automate your workflow end-to-end with Automated Workflows GoFormz workflows process incoming data and move it between integrated business systems

Tools 155
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Closing the Homeownership Gap Will Require Rooting Systemic Racism Out of Mortgage Underwriting

Urban

People of color face greater barriers in acquiring mortgages, which helps sustain the racial homeownership gap.

Mortgage 189
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Top markets for affordable renovated housing inventory

Housing Wire

Skyrocketing U.S. home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. The median home price nationwide in August increased 14.9% from a year ago to $356,700, according to the National Association of Realtors. August marked the sixth consecutive month where median home prices increased by double-digit percentages from a year ago.

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Should You Take a Cash Offer for Your Home?

Hank Miller Team

The idea that a company or investment firm will provide a cash offer for your home is instinctively positive, what’s not to like? To be clear, this is called a “direct sale” as the home isn’t offered for sale in traditional ways. Usually a buyer contacts a seller directly (often initiated by the seller) with an offer and terms of sale. Executed correctly, an off market or direct sale cash transaction can be completed very quickly; about as long as it takes to clear title and get the closing docs

Sellers 98
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The End of Eviction Moratoriums: Why It’s Not as Simple as It Seems

BiggerPockets

The Supreme Court ruling to end the moratorium on evictions appears to be a small sign that the rental market is returning to normal following the chaos of the COVID-19 […].

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Remodeling Industry Confidence Improves Year over Year

Eyes on Housing

The NAHB/Royal Building Products Remodeling Market Index (RMI) for the third quarter posted a reading of 87, up five points from the third quarter of 2020. The reading is a sign of positive residential remodeler sentiment for projects of all sizes.

Marketing 180
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Customer Story: Indrutec

GoForrmz

“ Where we are today as a company is completely different from where we were prior to GoFormz – our employees and customers are extremely happy with the platform. ” — Timo Möller, General Manager, Indrutec Indrutec. Challenge: Indrutec frequently battled with illegible print and missing documentation, resulting in delayed customer invoices.

Clients 154
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More Older Americans Are Drawing Wealth from Their Home Equity, but Racial Gaps Persist

Urban

Reducing barriers to home equity lending can ensure all owners have the opportunity to access the wealth stored in their homes.

Lending 169
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Millennials struggle to compete with boomers for homes

Housing Wire

Young people make up a smaller share of recent homebuyers than in previous years most likely due to the increased market activity of baby boomers, a new Zillow report published on Thursday found. It’s hardly breaking news that the demand for housing has drastically increased over the past 18 months, but the report suggests that this has more to do with demographic trends than the pandemic.

Buyers 539
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Fall Home Maintenance To-Dos!

Lamacchia Realty

FALL HOME MAINTENANCE TO-DOS! Fall is a whirlwind. Easy summer living quickly turns into busy routines, afternoon and weekend activities and before you know it, you’ve been so busy fall turns into winter. Be sure to take care of these home maintenance tasks before the first freeze. 1) Shut off your hoses and bring in your hose reel. Frozen water expands and can very easily damage any mechanisms in your hose or the hose reel, so drain it and bring them indoors before the first freeze. 2) Clean ou

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How Much Risk Does Climate Change Actually Pose To Real Estate?

BiggerPockets

Increasingly, Americans are viewing climate change as a serious issue. A poll taken earlier this year by Morning Consult found that 50% of Americans say climate change is a “critical […].

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Falling Lumber, Concrete Prices Offset Steel Increases in September

Eyes on Housing

Prices paid for goods used in residential construction ex-energy decreased 0.8% in September (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The decrease was largely driven by lower lumber and concrete products prices and was the second monthly decline since the start of the last recession.

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Spotlight Form: The Daycare Enrollment Form

GoForrmz

Streamline the collection of child care information, parent/guardian contact information, daycare documentation, and permissions, with digital forms and online form sharing Digital daycare enrollment forms provide daycare centers with an efficient, seamless way of collecting child care information and parent/guardian permissions. Daycare centers can easily digitize their existing paper forms or build a form from scratch within the GoFormz Template Editor and embed their online form on their webs

Training 149
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Institutional Investors Have a Comparative Advantage in Purchasing Homes That Need Repair

Urban

How can we level the playing field for prospective owner-occupants?

Investors 148
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More fintech M&A: SimpleNexus acquires LBA Ware

Housing Wire

Homeownership platform provider SimpleNexus acquired LBA Ware , a software firm that offers incentive compensation management and business intelligence software for the mortgage industry, the companies announced Friday. The acquisition is a first for SimpleNexus and brings together 325 employees in 29 states from the two companies. SimpleNexus will now serve 425 distinct lender customers and dozens of mortgage technology integration partners, the company said in a release.

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John Remby Promoted to Director of Business Systems

Lamacchia Realty

After over a year as the Business Systems Manager , we are thrilled to announce that John Remby has been promoted to the Director of Business Systems. John is an expert in his field and has been an integral part of building Lamacchia Realty’s Customer Relationship Management system. John first started working as a consultant but got his official start with Lamacchia Realty back in 2017 as a Business Systems Engineer.

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How to Choose the Right Market to Invest in Short-Term Rentals

BiggerPockets

This is an excerpt from Short-Term Rental, Long-Term Wealth by Avery Carl. Buy the book today! Short-term rentals, or vacation rentals, are a relatively new strategy when it comes […].

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Desire for Homeownership Cools

Eyes on Housing

After hitting a low of 10% in the first quarter of 2020, the share of adults planning a home purchase within a year rose for five consecutive quarters, peaking at 17% in the second quarter of 2021. The desire for homeownership cooled off in the third quarter, when the share slid back to 16%. Meanwhile, the share of prospective buyers.

Buyers 165
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The 2021 Rental Property Inspection Checklist

Mashvisor

As a landlord, you know how much work it takes to keep your rental investment profitable and in tip-top condition. This is why a landlord inspection is important.